Tuxis Corporation Acquires Self-Storage Facility
Tuxis Corporation (the "Company") (OTC:TUXS) today announced that it has acquired Heritage Park Self Storage, located at 6 Heritage Park Road, Clinton, Connecticut for $1.5 million cash.
Heritage Park Self Storage is a 177 unit 25,705 square foot facility with 3,500 square feet of office and warehouse space and a cell tower on 1.93 acres. It is located in an industrial park about a mile from Exit 64 on I-95. The self-storage facility, which offers a mix of standard and climate control units, has been operating since 1985. The entire facility is paved, fenced and lighted. Entry is via an electronic gate with key pad access.
Tuxis plans to operate the facility and will continue to pursue the acquisition of other self storage facilities.
Tuxis is a real estate development and service company. More information about Tuxis may be found at its web site at www.tuxis.com.
This release contains certain "forward-looking statements" made pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company, which may cause the Company's actual results to be materially different from those expressed or implied by such statements. Such risks, uncertainties and other factors include those described in the Company's filings with the SEC. The forward-looking statements made herein are only made as of the date of this release, and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.